Crypto news

With the introduction of its AI networking chips, Cisco aims to challenge the dominance of Broadcom and Marvell by offering a unique blend of intelligence and versatility.  Renowned American networking giant Cisco Systems Inc (NASDAQ: CSCO) has recently unveiled its latest breakthrough – a new line of AI networking chips. These cutting-edge chips aim to enhance network performance, scalability, and intelligence, placing Cisco in direct competition with industry leaders such as Broadcom Inc...

Ava Labs’ latest innovative approach reflects the company’s commitment to pushing the boundaries of the AI technology. Artificial intelligence (AI) has taken another foray into the cryptocurrency industry, the latest to embrace this cutting-edge technology is Ava Labs, the brains behind the success of Avalanche blockchain. The software development company recently unveiled its newest addition: AvaGPT, a generative AI assistant to enhance user experiences. In a lengthy Twitter thread on...

There is a renewed hope that the US Securities and Exchange Commission (SEC) may finally approve a spot Bitcoin ETF. Grayscale’s Bitcoin Investment Trust (GBTC) is currently enjoying some attention from investors, and its trading volume is a testament to this fact. This follows after GBTC’s trading volume spiked by over 400% within the last week. As of June 14, the daily trading volume of GBTC was still standing at $16.1 million. However, in just 5 days, that volume surged massively to...

The proposed bill covers the possible risks associated with creating and using AI. It intends to protect users from potential harm arising from using them freely without regulations. Some lawmakers from the Democratic and Republican groups are proposing a bill to form a commission that will oversee the country’s approach to Artificial Intelligence (AI). The commission is to create some form of regulation about the use of AI. The United States’ response to regulating the use of AI came...

iShares, Bitwise, WisdomTree, and Invesco, have just submitted proposals for a Bitcoin ETF, signaling a significant advance in the crypto business.  Bitcoin (BTC), the leading cryptocurrency, has experienced a remarkable surge in recent days, with its price coming in at $28,887.88, up by 8.03% within a 24-hour period and by 11.44% over the last week. The revival in the price of Bitcoin has marked a significant pivot point for most altcoins which are now printing their multiweek high at the...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Solana price started a decent increase above the $15.50 resistance against the US Dollar. The price is now trading above $15.50 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $15.40 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin price started a fresh increase above the $27,500 zone against the US Dollar. The price is now trading above $27,500 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $28,000 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair...

The largest bank in Germany in terms of total assets – Deutsche Bank – has reportedly sought regulatory permission to start operating as a crypto custodian. DZ Bank – another leading financial institution in the country – has already progressed in that field, partnering with Metaco and Harmonize to offer digital asset custody to institutional clients.  Recent Bloomberg coverage informed that Deutsche Bank (the biggest German bank with millions of customers and total assets...

The latest ASX Australian Investor Study estimated that approximately 15% of Australians have invested some of their wealth in cryptocurrencies. The figure is somewhat similar to the 17% registered during the bull market in 2021. The research further showed that young Aussies are more inclined towards the industry, with 31% being HODLers. The Latest Trends in ‘The Land Down Under’ According to the analysis, roughly every seventh Australian has entered the cryptocurrency...

Following through on its promise in May, crypto exchange giant Binance confirmed on Tuesday that it has begun running multiple nodes on Bitcoin’s lightning network.  The exchange plans to leverage the layer-2 scaling solution to enable cheaper Bitcoin (BTC) deposits and withdrawals on its platform.  Binance resolved to integrate lightning after an explosion in memecoin / Ordinals popularity on Bitcoin in May, which triggered major blockchain congestion and drove up...